Beware collective amnesia over light regulation
Yet it has not stopped our financial services sector, their cheerleaders and fellow travellers from insisting that we need to get back to a lighter regulatory environment, else we may lose some of these companies.
In essence they are asking us to trust them. But events across the world would suggest that corporates have little responsibility to the community at large, so why should we? These companies are profit takers and their major, perhaps even sole responsibility, is to their shareholders.
